We are pleased to announce that RedFOX Labs will be launching the RFOX Initial Exchange Offering with Coineal Launchpad starting on 14:00 April, 12 (UTC) and ending on 14:00 April, 19.As a top 10 exchange in the world, Coineal is aggressively developing a global layout. It is planned to set up at least 10 sub-stations around the world and hold more than 10 global roadshows in 2019.

Since launching in early 2018, Coineal has established offices in China, Japan, Korea, Russia and Vietnam and have also successfully completed Initial Exchange Offerings (IEO) for several projects.

Their strong regional presence and track record of successful IEO’s makes them the ideal launch pad for RFOX token into the Southeast Asian market.

IEO DETAILS

The RFOX IEO will consist of two rounds with a total allocation of 50 million RFOX tokens available at a price of $0.05 USDT for 1 RFOX. The sale will run from:

After the end of presale, RFOX will be listed on Coineal. Deposit and withdrawals will be available from 14:00 April, 19. With RFOX/BTC and RFOX/USDT trading available on the Coineal exchange from 14:00 April 23 (UTC)

NOTES: – RFOX can be purchased using USDT only – no bonuses available – US residents are not permitted

REDFOX LABS PROJECT HIGHLIGHTS

RedFOX Labs is a blockchain based tech company that identifies and builds successful business models for the emerging markets.

Backed by one of the most innovated open source blockchain projects in the space, we create innovative and scalable solutions to unlock true market potential on the Komodo Platform.

We aim to create leading companies in the e-commerce, e-media, e-travel, ride hailing and logistics areas which account for the fastest growing verticals in the internet economy.

The RedFOX Labs core team is experienced in running disruptive technology businesses and start-ups in Southeast Asia and for multinational companies globally.

RFOX TOKEN UTILITY

Some of the companies that RedFOX Labs creates may not have a need for their own native token and may choose the path of becoming a side-chain and therefore utilising the RFOX token to facilitate transactions and reward miners for processing these blocks.

As RedFOX Labs will build out a number of businesses, the RFOX token will be used as the sole purchasing method for these token generation events. There may be times whereby other tokens or purchasing methods may be accepted but the RFOX token will always provide the best rate of exchange for these purchases.

The RFOX token will be used as a form of payment to contractors, developers, network operators, for security, bug bounties, discounts on certification and many more. The RFOX token will serve as the global currency within the RedFOX Enterprise Komodo ecosystem.

RedFOX Labs will offer discounted rates on consulting services when using the RFOX token.